27 Main StClinton, CT 06413

  • Mixed-use properties
  • 4,819 SF
For Sale
$950,000 View listing

Property Details for 27 Main St

Year built
1948
Construction
FRAME
Lot size
0.25 AC
Property size (Sq ft)
4,819 SF
Zone code
B-3
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
CLIN M:56 B:60 L:11
APU
CLINM56B60L11

Description

This exceptional business opportunity presents a thriving breakfast and lunch restaurant ideally located at 27 E Main Street in the heart of Clinton, CT. Boasting a prime location with high visibility and a substantial daily traffic count of 15,000 vehicles, this well-established restaurant enjoys a strong reputation and loyal customer base. Situated in the downtown area, it benefits from easy access to the train station and proximity to local marinas, beaches, and outlet shopping, attracting a diverse clientele of locals and tourists. The spacious interior comfortably accommodates over 90 patrons, featuring ample indoor and outdoor seating options, including an oversized counter with additional seating. The layout includes a large prep area and storeroom, ensuring efficient operations and ample storage capacity. Convenient parking is readily available for both customers and staff. The restaurant is fully ADA compliant, with accessible bathrooms and facilities, ensuring inclusivity for all. This turnkey operation is offered at $375,000 and sits on a 0.25-acre lot, presenting a rare opportunity to acquire a successful and established business in a vibrant and growing shoreline community. The restaurant's strong performance and prime location make this an attractive investment with significant potential for continued growth and profitability.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $796,725
    6.5%
    $735,438
    7%
    $682,907
  • Comparable approach

    Method
    Valuation
    Relative Method
    $629,651
    Geo Method
    $629,651
  • Alternative Use

    Use
    Valuation
    Residential
    $911,943
    Hospitality
    $835,335
    Educational
    $694,989
    Medical
    $718,891
    Retail
    $1,081,094
27 Main St, Clinton, Connecticut

Location Insight

City
Clinton
County
Middlesex
State
Connecticut
Latitude
41.2787
Longitude
-72.5253
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,188
$63,000
$245,000
$308,000
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-
-
-

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